As Double Eagle IV brings online new wells and ramps up production in Permian Basin, Hart Energy recently asked: Is the Fort Worth-based company the most coveted private equity-backed exploration and production company in the Permian Basin? Double Eagle IV is led by co-CEOs Cody Campbell and John Sellers, who in 2021 guided Double Eagle […]

Baker Hughes’ count of active drilling rigs in U.S. fell again as of June 28 for the fourth straight week. And the count fell in June for the fourth straight month, and the count fell for the sixth quarter in a row for the first time since 2020. The U.S. count was 581 – down […]

Newly public Delaware Basin surface owner LandBridge said last week development of data centers will be an important part of the company’s future. The Houston-based company, which owns about 220,000 surface acres in Texas and New Mexico in the core of the Delaware Basin, manages its land and resources to support and encourage oil and […]

U.S. Energy Information Administration said this week U.S. energy production exceeded consumption by a record amount last year.  In 2023 energy production in the U.S. rose four percent to a record of nearly 103 quadrillion BTUs.  At the same time, energy consumption in the U.S. fell one percent to 94 quads.  Production exceeded consumption by […]

According to a recent report from Enverus, operators in Barnett Shale in north Texas pulled back on completion activity in 2023.  Henry Hub prices averaged 62 percent less than the previous year at $2.57 per million BTUs.  U.S. Energy Information Administration said, “Record high natural gas production, flat consumption and rising natural gas inventories contributed […]